The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.
Xtreme currently owns a fleet of 11 coiled tubing units in Saudi Arabia and the United States. The transaction is subject to customary closing conditions and is expected to close in the third quarter, Schlumberger said in the release.
Wilks Brothers, a private Cisco, Texas-based company, bought about 3.1 million additional common shares in Trican on the Toronto Stock Exchange.
The European Commission, which halted its investigation into the $35 billion deal last month while waiting for more details from the companies, will now decide by Aug. 11 whether to clear or veto the takeover.
The acquisition provides a strong manufacturing operations management (MOM) systems capability that builds upon and diversifies the capabilities of Wood Group, the release said.
The deal expands the Houston-based oilfield services giant into new territory in subsea and equipment manufacturing. The merger will result in the industry’s first complete drilling and production systems
The acquisition consolidates London-based FluidOil's position as a global leader in onsite oil upgrading technology, according to the release.
Midstream gas export market is growing and it benefits from long-term contracts, Jacques de Chateauvieux said, adding that Bourbon will liquefy, stock and transport ethane for clients, Reuters reported.
As a result, the parties intend to close the transaction on April 1, according to a news release.
The combination with Wells Supply will enhance the Houston company’s presence and services in Beaumont and throughout Southeast Texas, the release said.
Ardent’s customer base includes leading pure-play refiners, petrochemical companies, midstream operators, integrated oil companies and other energy operators.
The EU competition authority is concerned that the deal may reduce competition and innovation in more than 30 product markets, both onshore and offshore.
|E&P||USD 200||Members only||Alpha Natural Resources Inc.|
|Mid||USD 0||Members only||I Squared Capital|
|E&P||CAD 148||Members only||Penn West Petroleum Ltd.|
|S&S||USD 0||Members only||Trican Well Service LLC|